TBL - treet batteries should be considered for investment Treet Batteries Limited (TBL) manufactures and supplies a variety of batteries including lead-acid, lithium and nickel-based batteries. The company is a subsidiary of Treet Corporation Limited (TCL) and operates both locally and internationally.
Key Financial Ratios
Gross Profit Margin: 19.9%
Operating Profit Margin: 9.2%
Net Profit Margin: -5.5%
Risks:
High Financing Costs - 70% increase in financial expenses impacting net profit.
Market Conditions - Economic and political instability affecting consumer spending and sales volume.
Opporunity:
The financing cost should go down with lower interest rate environment and rescheduling of debt. Such a scenario would increase the attractiveness for long term investment.
Despite the challenges of high financing costs and a net loss, the significant increase in gross and operating profits indicates effective management and operational efficiency. However, the high debt levels and cash flow challenges need to be closely monitored.
Technical:
Support zone is 22.5
PSX
PSX : LOTCHEMLOTCHEM has been experiencing some downward presseure recently and now in a accumulation phase since february.
Currently the price has completed the harmonic ABCD pattern at strong daily support level with a bullish div. Now sellers seems to be exhausted at support area and buying pressure seems to be activated.
Entry 19.10
SL 16.50
TP1 21.71
TP2 24.30
DCL - CUP FORMATION TG : 10.00 - 11.40
DCL is currently trading in a cup pattern, with a post-breakout retest of the neckline at the 8.38 level, following a 36.00% rally from a low of 8.00. DCL now shows a homing pigeon bullish reversal formation with medium reliability. It is likely to continue its momentum toward the previous high of May 2024 at 11.40, followed by 12.80. The momentum indicators are in oversold territory. Accumulate with a defined risk below the 8.00 level.
Targets: 10.00 - 11.40 - 12.80
TESLA 300 BY DECEMBER ? NASDAQ:TSLA TESLA 300 BY DECEMBER
Tesla had a challenging first half of 2024, with its stock facing headwinds. However, there are signs that the electric vehicle (EV) maker could be on the path to recovery. Here’s what Wall Street analysts and experts are saying:
Q2 Deliveries: Tesla reported second-quarter deliveries of 443,956 vehicles, surpassing analysts’ estimates of 436,000. While this is a decline from previous quarters, it’s better than expected. Investors view this as a positive sign for the company’s future prospects.
Energy Storage Boost: Tesla increased its energy storage capacity to an all-time high during Q2. This development is particularly significant because it suggests that Tesla could benefit from increased energy demand driven by the AI boom. As artificial intelligence accelerates, energy demand and electricity generation are expected to rise, potentially benefiting Tesla Energy.
AI Developments: Investors are closely watching Tesla’s advancements in artificial intelligence. The company’s Robotaxi and other AI initiatives could be the next growth drivers. Morgan Stanley strategists have even speculated about Tesla getting its mojo back, with clients asking about positive catalysts for the future.
SAZEW - Bearish Divergence in play on Daily Time FrameBearish divergence is in play on the daily time frame, and the price is expected to retrace up to 650 before moving upward.
Let's see how it plays out in the next few days.
PSO:PSX Buy CallPSO printed a Bullish Divergence with a Falling wedge pattern suggesting a Bullish shift in momentum.
Market entry is suggested with Stop Loss on previous Lower Low. Take profit levels are recommended on 1:2 Risk Reward Ratio.
Happy Trading!
YOUW - SYMMETRICAL TRIANGLE BOYOUW - Testing a Symmetrical triangle BO above 3.66, breaking above with confirmation price may continue the bullish rally towards 4.30 - 4.70 - 5.40 & 5.70 levels.
SL: 3.50
CPHL - BULL FLAG, TARGET: 35.20CPHL surpassed the 50% target at the 30.90 level and hit the upper cap at 31.59. The current momentum shows strong bullish behavior in the North, indicating that the target of 35.20 might be achieved in the next few sessions. It is suggested to stay long!
TARGET: 35.20
NRL:PSX Bullish RunNRL-PSX is expected to continue it's bullish run on daily timeframe. It printed a cup and handle pattern with no divergence.
GTYR-PSX: Bullish Continuation GTYR Printed a Bullish Flag with no signs of Divergence. A bullish trend continuation is expected, entry is suggested on the breakout of pole with stop loss on previous Higher Low.
CRTM - GOLDEN CROSS, TARGET 22/- & 34/-CRTM - ICHIMOKU CLOUD BREAKOUT + GOLDEN CROSS + BULLISH CROSS, TARGET: 21.50 - 22.50 - 26.00 - 34.00 LEVELS, SL: 13.00
CRTM is showing multiple bullish signals including a Golden Cross, Bullish Cross, and breaking out of the ICHIMOKU Cloud. The targets are set at 21.50, 22.50, 26.00, and 34.00 levels with a stop loss at 13.00.
The breakout from a 4-month descending channel coupled with breaching the Ichimoku Cloud above 14.44 signifies a strong and potential rally, projecting an upside of 30% to 51.00%. The forecasted targets are 21.50, 26.00, and 34.00 levels. Indicators such as MACD, RSI, and oscillators are all signaling bullish momentum. Nonetheless, immediate support is observed at the 13.00 level; any breach below will invalidate this bullish bias.
TRG Buy Idea - PSXTRG has been experiencing some downward presseure recently with a series of lower highs and lower lows and now in a accumulation phase.
However, recently it broke the bearish trendline with strong bullish div on daily, if candle closes above accumulation zone 74.81 then we will enter at 76.15 , with a secondary buy opportunity at 71.69
PSX Phillips 66 Options Ahead of Earnings Analyzing the options chain and the chart patterns of PSX Phillips 66 prior to the earnings report this week,
I would consider purchasing the 150usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $14.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
PSO: Bearish Trend ShiftPSO:PSX printed a rising wedge pattern followed by a bearish divergence suggesting a Bearish Shift. Shorting is recommended as per the levels mentioned in the chart.
PAEL - 1h - Ascending Triangle - Long PositionIn this chart we have observed a Ascending Triangle formation we lead towards a upwards breakout. we have place three entry points if you forget to take an entry.
TP = 24.22
Entry = 22.55 , 23 , 23.20
SL = 22.38
PSO - 1H - Bullish flag - PSXIn this chart we have observe a Bullish flag on a 1 hour time frame. and we placed entry, tp & sl points accordingly. No Divergence spotted
SEARLE - 1H - Bullish Flag - PSXIn this chart we have observed a Bullish flag formation on one hour time frame and we place entry, SL & TP accordingly. No Divergence spotted.
EMCO - Breakaway Bullish CandleEMCO after making support on the trend line, stock resumes the uptrend towards 45.00. However, the immediate support stands around the 31.00 level. Buy with risk defined below 31.00, initially targeting 42 - 45 levels.
HUBC - BEARISH REVERSAL WITHIN A BULL FLAG
HUBC is currently trading within a Bull Flag pattern, with the price encountering resistance below 118.30. Multiple resistance levels are preventing a breakout from the flag resistance zone. The price appears poised for a bearish reversal towards the levels of 111.80 to 102.70. It is probable that the flag channel's bottom support around 104 / 102 levels will be tested.
Consider selling with a STOPBUY set above 119.
Targets: 112.70, 111.30, 108.00, and 104.
PIBTL - FALLING WEDGE IN AN UPTRENDPIBTL - Currently trading in a falling wedge, likely to test the BO point @ 6.50. On a break above the price could extend gains towards 8.00 - 9.20 levels.
Buy with risk defined below 5.66 levels.
PSO FALLING WEDGE (BULLISH CONTINUATION)PSO - Trading in a post-breakout continuation. watch out the rectangle BO zone.
Targeting: 200+
PAEL - TRIANGLE FORMATION (BULLISH)PAEL trading in a triangle pattern, watchout the breakout zone of a triangle.
Targeting: 27 - 31 - 33 - 38 - 40
SL: 21.50
PRL (PSX) Hints at Potential Bullish ShiftThe PRL (PSX) chart exhibits a promising sign of a trend reversal from bearish to bullish. This indication stems from the price action breaching the prior swing high, a resistance level that previously capped upward price movements.
